H.R. 7195 · 117th Congress
To provide for certain whistleblower incentives and protections.
- Stage
- Reported from committee
- Sponsor
- Alma Adams
- Introduced
- 2022-03-24
- Latest action
- 2022-07-20 · Reported (Amended) by the Committee on Financial Services. H. Rept. 117-423.
Summary
This bill revises the management of whistleblower incentive awards for individuals providing original information relating to illegal monetary transactions, money laundering, or other financial crimes. Specifically, the bill establishes a minimum award for whistleblowers of not less than 10 percent of the collected monetary sanctions.
Further, the bill establishes the Financial Integrity Fund for the payment of such awards. The fund is comprised of collected monetary sanctions and investments of the fund.